Littelfuse, Inc. (NASDAQ:LFUS) Stock Position Decreased by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,845 shares of the technology company's stock after selling 4,226 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Littelfuse worth $10,332,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LFUS. Quent Capital LLC grew its position in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after acquiring an additional 105 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after purchasing an additional 105 shares during the period. Bank of Jackson Hole Trust bought a new position in Littelfuse in the 4th quarter worth about $40,000. Smartleaf Asset Management LLC increased its stake in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. increased its stake in shares of Littelfuse by 221.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock valued at $61,000 after purchasing an additional 179 shares during the period. Institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

LFUS has been the subject of a number of recent analyst reports. StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Robert W. Baird decreased their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Thursday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $285.00.

Littelfuse Price Performance

NASDAQ LFUS traded up $2.68 on Friday, reaching $155.40. 517,894 shares of the stock traded hands, compared to its average volume of 143,883. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 2.24 and a beta of 1.30. The firm's fifty day simple moving average is $212.49 and its 200 day simple moving average is $234.27. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter in the previous year, the company earned $2.02 earnings per share. As a group, research analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.80%. Littelfuse's dividend payout ratio is currently 62.22%.

Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.